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Exam CRCM topic 1 question 72 discussion

Actual exam question from ABA's CRCM
Question #: 72
Topic #: 1
[All CRCM Questions]

Government credit -

  • A. It is credit extended to governments or government agencies, instrumentalities, or subdivisions
  • B. It has no finance charge
  • C. It has Records retention requirements
  • D. Only the general rule against discrimination applies to government credit
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Suggested Answer: AD 🗳️
by Cam22 at March 15, 2024, 2:20 a.m.

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Cam22
4 months ago
Selected Answer: A
Government credit refers to credit extended to governments or government agencies, instrumentalities, or subdivisions. This can include loans provided to governmental entities for various purposes such as infrastructure projects, public services, or budgetary needs.
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